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Outofreach I shouldn't need to lay this out for you, but here we are... The goal of an investor is to take more money out than they put in. I've no idea how long you've been here, but over both 6 and 14 month timeframes EUA has dropped 80% in value, and is back to where it was 2+ years ago. If anyone planned to 'hold for gold', buying up more 'golden tickets', they'd have been better off stuffing money under their mattress. That makes this a categorically bad investment so far. Your sentiment-based framing of the issue just shows that you're a fan boy being taken for a ride by AIM.
Read the news, details to be nailed down within 2 days, but did you really think the dictator of a mineral exporter would sit idly by while the Western world picks and chooses which resources to buy and which to embargo. The world needs what he has, whether they want it or not.
WK production is minimal, the company's own published figures show that. Still waiting on the 2021 figures which should hopefully show an uptick in production, but not guaranteed
I've been here for years, and the SP is down 80% in the last 6 months. Wishy washy can-kicking from the BOD about a liquidity event just isn't scratching that itch. What exactly is there to be happy about at the moment?
Devastating news, primed for a crash tomorrow. Just being a realist. Nickel spot prices up 400% this year, Palladium 44%, but staring at an embargo until end 2022 at the latest.
At least EUA's mines aren't producing anything yet, eh?
In 5 years time, there will be a fully operational mine on MT, and probably half a dozen other EUA properties. The BOD will be judged on how and if the sale was executed, and everything else will be a memory.
Blaming them for Putin's actions is going to land you on a number of filter lists.
I've been avoiding this board where possible, because frankly, this is a tremendously depressing situation. My main gripe with the BOD is that the sale process has been drawn out way longer than it should have been, considering the expertise of the board.
Which leads me to wonder if the delays were truly their fault... Norilsk Nickel is owned mostly by Deripaska, Abramovich, and Potanin, noted Oligarchs in Putin's inner circle. Russia has been spending nearly a decade trying to immunise its economy and assets from external sanction. I do believe that NN would have been the most likely buyer, and I suspect the company's owners would have known this was coming (in some form). Maybe drawing out the process and waiting for the inevitable sanctions to hit was a play to reduce the sale price, or seize the EUA controlled assets entirely.
Do I honestly believe this? No. NN itself is down 60% in value since this conflict began, the RNSs released have documented at least 2 competing EOI, and the oligarchs I mentioned have made public statements requesting a halt to hostilities.. None of those facts tie in with the theory, not to mention that seizure of foreign-owned corporate assets would truly be drawing the Iron Curtain, and that would be a catastrophic outcome for the world.
But hey, I wanted to post something that wasn't drivel from a shameless shorter, or rampy preaching about the silver lining around the world's biggest cloud.
I don't know if comparing keyboard warriors to Putin is entirely valid, but I agree with your sentiment!
There was never a possibility that a Western company was going to buy EUA (IMO), and you can see US markets are already bouncing. I'm sincerely hoping that this isn't seen as a chance to restart the negotiations, as based on the (scant) available data, a conclusion was not far off.
I'd like to think that surviving so long in Russia, and with the licensing success they've had, EUAs staff must be friendly with the right people in the Kremlin. Hopefully that will help when the time comes to right the ship in the coming months
The RNS from the BoD was prior to Putin firing cruise missiles at the capital of neighbouring country. Note that before that they expected a peaceful resolution...
This has been a "jam tomorrow" share for 2 years now, and we finally have the proof that there's no F'ing jam
The narrative has already shifted. Troops have been ordered into the 'independent republics' for 'peacekeeping'. Russia doesn't see this as a Ukrainian invasion, the rest of the world obviously does. The water has been muddied, so that war is a harder sell any world Government. Jedi mind tricks from a real life Palpatine